Masterbatch Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Nowadays, consumers are increasingly conscious of the products they buy and the value they get. Products that are reliable and durable naturally attract more attention. And most products, whether it is the cars, the packaging, the houses, the gadgets, and even healthcare, consumers use plastics in some form or the other for their various characteristics. A masterbatch is one of the most crucial elements in creating quality plastics. It consists of pigments and additives that help in providing the required color and properties to the end products. As between 2010-2020, the production of plastics increased nearly by 100 million tons from 270 million tons in 2010 to 367 million tons in 2020. This rise in plastic production owing to increasing use in packaging, automotive components, and consumer goods, to name a few, is constantly maintaining strong demand for masterbatches. Furthermore, the trend of lowering the weight of the product by replacing metals and other heavy materials with a substitute like plastic in industries like automotive and consumer goods is likely to provide a considerable boost to the masterbatch market.

According to UnivDatos Market Insights (UMI)’ research report “Global Masterbatch Market”, the market is expected to showcase a growth of around 5% during the forecast period. Increasing demand for plastic products across the industries and large base of end-use industries are some of the key attributable factors to the growth of the market

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Based on type, the market is categorized into white, black, color, additive, and filler/combination. Among these, white held the prominent share in the market as white color is one of the most common colors that is widely used across the industries. Applications range from pipes, cables, packaging films to the injection molding of electronic parts, where a high level of gloss properties and excellent dispersion is required. Further, it provides opacity and base color to the plastic used extensively in the food & beverage and pharmaceutical industries.

Based on end-user, the market is categorized into packaging, building & construction, automotive, consumer goods, agriculture, and others. Among these, packaging accounted for a substantial share of the market and is also likely to showcase robust growth during the forecast period. This can be ascribed to the wide use of packaging from the food & beverage industry to pharmaceuticals. Further, increasing demand for packaged food due to convenience and changing lifestyles along with increasing penetration of the e-retail industry is increasing the demand for packaging products, thereby propelling the demand for masterbatch.

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Asia-Pacific accounted for a considerable share of the masterbatch market

Asia-Pacific accounted for a significant share in the global masterbatch market and is expected to maintain its position in the market during the forecast period. The region has a large base of packaging, automotive, consumer goods, e-commerce, pharmaceutical, and agricultural. These industries consume a large number of plastic products, therefore, to cater to the plastic product demand, numerous plastic manufacturers are operating in the region. This, in turn, maintain a strong demand for raw materials which are used for plastic product production including masterbatches.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global Masterbatch market include LyondellBasell Industries N.V., Avient Corporation, Ampacet Corporation, Cabot Corporation, Plastika Kritis S.A., Plastiblends India Limited, Hubron International, Tosaf Group, Penn Color Inc., and Americhem Inc. These companies are taking several strategic decisions to meet the growing demand and increase their market share.

“Global Masterbatch Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

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Market Segmentation:

1.      By Type (White, Black, Color, Additive, and Filler/Combination)

2.      By Polymer (PP, PE, PVC, PET, and Others)

3.      By End-User (Packaging, Building & Construction, Automotive, Consumer Goods, Agriculture, and Others)

4.      By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

5.      By Company (LyondellBasell Industries N.V., Avient Corporation, Ampacet Corporation, Cabot Corporation, Plastika Kritis S.A., Plastiblends India Limited, Hubron International, Tosaf Group, Penn Color Inc., and Americhem Inc.)

Key questions answered in the study:

1.      What are the current and future trends of the global masterbatch industry?

2.      How the industry has been evolving in terms of type, polymer, and end-user?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global masterbatch industry?

5.     What are the customer orientation, purchase behavior, and expectations from the global masterbatch suppliers across various region and countries?

Table of Content –

1. MARKET INTRODUCTION

2. RESEARCH METHODOLOGY OR ASSUMPTION

3. MARKET SYNOPSIS

4. EXECUTIVE SUMMARY

5. GLOBAL MASTERBATCH MARKET COVID-19 IMPACT

6. GLOBAL MASTERBATCH MARKET REVENUE (USD MN), 2019-2027F

7. MARKET INSIGHTS BY TYPE

8. MARKET INSIGHTS BY POLYMER

9. MARKET INSIGHTS BY END-USER

10. MARKET INSIGHTS BY REGION

11. MASTERBATCH MARKET DYNAMICS

12. MASTERBATCH MARKET OPPORTUNITIES

13. MASTERBATCH MARKET TRENDS

14. LEGAL & REGULATORY FRAMEWORK

15. DEMAND AND SUPPLY-SIDE ANALYSIS

16. VALUE CHAIN ANALYSIS

17. COMPETITIVE SCENARIO

18. COMPANY PROFILED

19. DISCLAIMER

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